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BingX Suffers Major Cyberattack, Loses Over $44 Million in Cryptocurrency Theft

According to the report, the hot wallet of Singaporean cryptocurrency platform BingX was compromised, leading to the loss of more than $44 million. Bl

According to the report, the hot wallet of Singaporean cryptocurrency platform BingX was compromised, leading to the loss of more than $44 million. Blockchain security companies discovered the hack for the first time on Thursday night. BingX then announced a temporary withdrawal freeze, blaming "wallet maintenance." BingX responded by implementing emergency protocols, including asset transfers and withdrawal suspensions. Subsequently, BingX stated that the costs are still being estimated, with possible losses reaching up to $48 million. In addition to working with security companies SlowMist and Chainalysis to track down the stolen assets and freeze $10 million so far, BingX promised to reimburse the losses using company cash ultimately. Read More..

B2B Tech News | 1 months ago      

Critical ZeroClick Vulnerability Found in MediaTek Chipsets, Impacting Smartphones and Routers

MediaTek chipsets have a severe flaw that might allow hackers to remotely execute malware on devices such as routers and smartphones. CVE202420017 is

MediaTek chipsets have a severe flaw that might allow hackers to remotely execute malware on devices such as routers and smartphones. CVE202420017 is a zeroclick vulnerability that attackers may exploit without any user involvement, according to cybersecurity firm SonicWall Capture Labs. The vulnerability affects the RTxxxx series SoftAP drivers and MediaTek WiFi chipsets MT7622 and MT7915, frequently found in Ubiquiti, Netgear, and Xiaomi products. MediaTek SDK versions 7.4.0.1 and earlier are affected by the vulnerability, which has a 9.8 severity rating. Users are advised to upgrade their smartphones right away since MediaTek has subsequently published updates. Read More..

B2B Tech News | 1 months ago      

MediaTek Dimensity 9400 Outpaces Apple A18 Pro, Snapdragon 8 Gen 3 in GPU Benchmarks

In GPU benchmarks, the new MediaTek Dimensity 9400 chipset—anticipated to be on sale in October—has apparently surpassed Qualcomms Snapdragon 8 Ge

In GPU benchmarks, the new MediaTek Dimensity 9400 chipset—anticipated to be on sale in October—has apparently surpassed Qualcomms Snapdragon 8 Gen 3 and Apples A18 Pro. In the GFX Aztec 1440p offscreen Vulcan test, the Dimensity 9400s GPU achieved 134 frames per second, which is 86% faster than Apples A18 Pro and 41% faster than the Snapdragon 8 Gen 3, according to a leak by Digital Chat Station. Although the test assesses GPU power in its rawest form, realworld performance may vary when the chipset is optimised for smartphones. It is also claimed that the MediaTek Dimensity 9400 has better CPU performance and energy efficiency, possibly using 30% less power for comparable workloads as the Snapdragon 8 Gen 3. Read More..

B2B Tech News | 1 months ago      

Apple Intelligence Set for Full Launch with iOS 18.4 in March 2025

According to Bloombergs Mark Gurman, Apples muchawaited AI suite, Apple Intelligence, is scheduled for complete release with iOS 18.4 in March 2025, w

According to Bloombergs Mark Gurman, Apples muchawaited AI suite, Apple Intelligence, is scheduled for complete release with iOS 18.4 in March 2025, while specific AIpowered Siri capabilities may arrive early. While Apple formally intends a staggered release, Gurman speculates that possible Siri updates might debut in January with iOS 18.3, beginning with early AI features in Octobers iOS 18.1 update and continuing with advancements in iOS 18.2 December. These early Siri advancements, meanwhile, are still tentative and subject to change. By Q1 2025, Apples AI innovations—which included writing, picture editing, and AIgenerated graphics tools—should be completely developed. These were demonstrated at WWDC 2024. EU regulatory issues might cause some functionalities to be delayed. Read More..

B2B Tech News | 1 months ago      

Samsung Display to Invest $1.8 Billion in New OLED Factory in Vietnam

South Korean electronics company Samsung Display Co. intends to spend $1.8 billion on a new facility in northern Vietnam to make OLED screens for vehi

South Korean electronics company Samsung Display Co. intends to spend $1.8 billion on a new facility in northern Vietnam to make OLED screens for vehicles and other devices. The building will be next to a Samsung electronics plant in the Bac Ninh provinces Yen Phong industrial zone. Samsung Vietnams General Director Choi Joo Ho and Prime Minister Pham Minh Chinh met and decided to make this investment, bringing Samsungs total investment in Bac Ninh to $8.3 billion from its present $6.5 billion. Vietnam has emerged as a significant electronics production hub in the last ten years, thanks to $22.4 billion in investments from Samsung, which has six manufacturing facilities and a research and development facility there. Read More..

B2B Tech News | 1 months ago      

South African Rand Weakens Slightly, Still Up 1.3% for the Week Amid Rate Cuts

After a week of significant increases, the South African rand dropped on Friday, closing at 17.53 versus the dollar, or around 0.3% less than it had a

After a week of significant increases, the South African rand dropped on Friday, closing at 17.53 versus the dollar, or around 0.3% less than it had at the previous close. Despite the decline, the South African Reserve Bank and the U.S. Federal Reserve lowered interest rates this week, which helped the rand gain 1.3% versus the dollar. Local inflation also dropped to 4.4%, the lowest since April 2021. Due to profittaking, currency expert Andre Cilliers stated that the rand may stay around the R17.40/R17.70 area shortly. Analysts anticipate more rate reductions from the SARB, but if combined with fundamental economic improvements, they shouldnt have a detrimental effect on the rand. In the meantime, the Top40 index of the Johannesburg Stock Exchange ended the day mostly unaltered. Read More..

B2B Tech News | 1 months ago      

Qualcomm Explores Potential Acquisition of Struggling Intel Amid Industry Turbulence

Given Intels continuous difficulties, reports claim Qualcomm has contacted Intel to discuss a possible takeover. To explore many possibilities, includ

Given Intels continuous difficulties, reports claim Qualcomm has contacted Intel to discuss a possible takeover. To explore many possibilities, including Intels PC design business, Qualcomm CEO Cristiano Amon is actively participating in these first conversations. There is currently no official offer in place. With the announcement, Qualcomms stock dropped 2.9% while Intels increased 3.3%. The United States, China, and European regulators may scrutinise a prospective merger closely for antitrust violations, and Qualcomm may be forced to sell off portions of Intel. With Qualcomms cash reserves of around $13 billion and Intels valuation of $122 billion, financing such a deal would be complex. Intel is shifting its focus to contract manufacturing and AI to regain its competitive advantage. Read More..

B2B Tech News | 1 months ago      

RBA Reforms Hit Another Roadblock as Greens Demand Interest Rate Cuts

Another blow to longdelayed Reserve Bank of Australia RBA changes came when Greens members insisted on lower interest rates in exchange for backing th

Another blow to longdelayed Reserve Bank of Australia RBA changes came when Greens members insisted on lower interest rates in exchange for backing the bill. The Greens urged the RBA to drop rates during its next decision, stating they would only pass Labors RBA changes once they were. Due to the ongoing inflation, officials have indicated that a rate decrease this year is unlikely, and the RBA has kept rates at 4.35% since November. The opposition has criticised the planned reforms, citing concerns about possible political influence, especially creating a distinct governing board. After calling the Greens proposals "economically irresponsible," Finance Minister Katy Gallagher shelved the reform legislation and maintained the status quo policymaking framework. Read More..

B2B Tech News | 1 months ago